Comments on: pricing your products for growth http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/ creative focused business thinking Sat, 04 Feb 2012 11:57:08 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Marla Bosworth http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-11238 Marla Bosworth Thu, 29 Dec 2011 23:14:31 +0000 http://craftmba.com/?p=791#comment-11238 I enjoyed reading your article. One quick question - I'm curious as to why you would double your profit (when taking wholesale x2 for retail cost)? I enjoyed reading your article.
One quick question – I’m curious as to why you would double your profit (when taking wholesale x2 for retail cost)?

]]> By: The Ultimate Guide To Creating an Affiliate Program | The Bottom Line http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1026 The Ultimate Guide To Creating an Affiliate Program | The Bottom Line Thu, 11 Aug 2011 20:12:19 +0000 http://craftmba.com/?p=791#comment-1026 [...] you aren’t pricing your products for growth then you definitely need to consider raising your prices in order to make up the difference on the [...] [...] you aren’t pricing your products for growth then you definitely need to consider raising your prices in order to make up the difference on the [...]

]]> By: Steven Davis http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1025 Steven Davis Wed, 13 Jul 2011 19:37:06 +0000 http://craftmba.com/?p=791#comment-1025 Argh! Painfully obvious that you should include profit in your wholesale price, not just retail. A formula is truly worth a thousand words. Argh! Painfully obvious that you should include profit in your wholesale price, not just retail.

A formula is truly worth a thousand words.

]]> By: the value is more than the sum of your materials http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1024 the value is more than the sum of your materials Thu, 31 Mar 2011 12:39:57 +0000 http://craftmba.com/?p=791#comment-1024 [...] That’s why I prefer this pricing formula: [...] [...] That’s why I prefer this pricing formula: [...]

]]> By: Indie Fixx / The Great Pricing Debate http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1023 Indie Fixx / The Great Pricing Debate Thu, 24 Feb 2011 14:39:28 +0000 http://craftmba.com/?p=791#comment-1023 [...] on a much-cited Biz Ladies post on Design Sponge. Megan Auman, over at Crafting an MBA, shares similar tips as Design Sponge in terms of pricing, and expresses her thoughts on the culture of pricing on Etsy [...] [...] on a much-cited Biz Ladies post on Design Sponge. Megan Auman, over at Crafting an MBA, shares similar tips as Design Sponge in terms of pricing, and expresses her thoughts on the culture of pricing on Etsy [...]

]]> By: Dana http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1022 Dana Tue, 18 Jan 2011 16:33:19 +0000 http://craftmba.com/?p=791#comment-1022 Hi Megan, I have been struggling for a year on pricing! Family/friends say go lower! My supplies are somewhat low, my labor is somewhat time consuming, a rough estimate is high... i feel like i'm way overpriced. Here I see you say "labor + materials + overhead + profit = wholesale price" then TIMES 2 for Retail price. This is different from others that I have seen that take "labor + materials + overhead + profit" TIMES 2 = wholesale price So you shouldn't double your 'costs' for a wholesale price? So confused - Great site! Hi Megan,
I have been struggling for a year on pricing! Family/friends say go lower! My supplies are somewhat low, my labor is somewhat time consuming, a rough estimate is high… i feel like i’m way overpriced.

Here I see you say “labor + materials + overhead + profit = wholesale price”
then TIMES 2 for Retail price.

This is different from others that I have seen that take “labor + materials + overhead + profit” TIMES 2 = wholesale price

So you shouldn’t double your ‘costs’ for a wholesale price?

So confused – Great site!

]]> By: The Costs of Being in Business–Additional Links « Tamra's Jewelry Design Chronicles http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1021 The Costs of Being in Business–Additional Links « Tamra's Jewelry Design Chronicles Fri, 09 Jul 2010 15:14:14 +0000 http://craftmba.com/?p=791#comment-1021 [...] Pricing Your Products for Growth [...] [...] Pricing Your Products for Growth [...]

]]> By: Ceri http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1020 Ceri Wed, 30 Jun 2010 08:02:28 +0000 http://craftmba.com/?p=791#comment-1020 hmmm, hadn't thought of it like before megan, i appreciate you pointing that out. makes sense.... thanks for your time and comments megan. hmmm, hadn’t thought of it like before megan, i appreciate you pointing that out. makes sense….

thanks for your time and comments megan.

]]> By: megan auman http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1019 megan auman Tue, 29 Jun 2010 02:35:41 +0000 http://craftmba.com/?p=791#comment-1019 ceri - in regards to the mark-up from wholesale to retail - when you are calculating expenses for your wholesale price, you would technically leave out any business expenses directly related to selling your products to customers (your own retail expenses) Those expenses would then come out of the retail price, and the rest would be profit. I also think you should certainly take money out of the business account for yourself. I talk a lot more about that in this post - http://www.craftmba.com/2010/06/09/myths-about-profit/ ceri – in regards to the mark-up from wholesale to retail – when you are calculating expenses for your wholesale price, you would technically leave out any business expenses directly related to selling your products to customers (your own retail expenses) Those expenses would then come out of the retail price, and the rest would be profit.

I also think you should certainly take money out of the business account for yourself. I talk a lot more about that in this post – http://www.craftmba.com/2010/06/09/myths-about-profit/

]]> By: Ceri http://designinganmba.com/2010/04/21/pricing-your-products-for-growth/#comment-1018 Ceri Tue, 29 Jun 2010 02:31:02 +0000 http://craftmba.com/?p=791#comment-1018 a very insightful and useful post megan, thank you! I couldn't agree more. megan, regarding the 100% market up on the wholesale price used to determine retail price. is this mark up also considered 'profit'? my understanding is that this 'mark up profit' also gets put back into my business account for growth. ok, so i also plan to dip into it on occasion for specials treats, assuming of course the business is covered and there are surplus funds. megan, would you mind if I asked you your thoughts on managing the 'mark up profit' when pricing for growth? many thx! ps. delighted to have found you and you blog megan! a very insightful and useful post megan, thank you! I couldn’t agree
more.

megan, regarding the 100% market up on the wholesale price used to
determine retail price. is this mark up also considered ‘profit’?

my understanding is that this ‘mark up profit’ also gets put back into
my business account for growth. ok, so i also plan to dip into it on
occasion for specials treats, assuming of course the business is
covered and there are surplus funds.

megan, would you mind if I asked you your thoughts on managing the
‘mark up profit’ when pricing for growth? many thx!

ps. delighted to have found you and you blog megan!

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